Standard of Living is Important!

It’s important to know about Standard of Living because you can better understand how people live if you know their standard of living. It will help you see how fortunate you are to have the nice things you have. It will also make you more aware of countries struggling to meet their needs and wants. Economics and standard of living can be analyzed by the 5 themes of geography. For example, place is one of the 5 themes. The kind of economy and standard of living in an area helps define place. Another example is movement. People will have to trade to meet their needs and wants which is a form of movement.

By Ski67dOO (Using microsoft excel) [GFDL (http://www.gnu.org/copyleft/fdl.html) or CC BY-SA 3.0 (https://creativecommons.org/licenses/by-sa/3.0)], via Wikimedia Commons